Over the next decade, the Republican tax plan would add at least $1 trillion to the national debt on top of an additional $10 trillion in deficits over the same period. This borrowing spree would mark a sharp reversal for…

An agreement between President Trump and Democrats for a three-month extension for the debt ceiling means Congress temporarily ducks a political debate. But the recurring battle will surface again in December. What could happen if we don’t raise the debt…

With the U.S. national debt expanding rapidly over the past decade, the state of the federal budget has come under intense scrutiny. The annual deficit spiked following the 2008 financial crisis, and budget analysts say that without reform government spending…

Economist Todd Buchholz rails against what America has become: a people who want everything but aren’t willing to pay for it. In “The Price of Prosperity,” he suggests that wealthy nations such as the U.S. inflict harm on themselves, even…

House Republicans revealed their 2016 budget plan, pushing for deep cuts to lower the deficit, while preserving defense spending. What are the political calculations behind the proposal? Political editor Lisa Desjardins joins Gwen Ifill for a look at the priorities…

Budget cuts and increased revenue have again cut the federal deficit. But the Congressional Budget Office forecasts that under current policy (including the sequester/budget cuts) the deficit will start to rise again in 2018.